India's Reliance Industries Ltd. has bought millions of barrels of crude from the Middle East and United States after Washington sanctioned two Russian producers. Image by STILLFX via iStock India’s ...
Global upstream investment is set to fall again in 2026, but the Middle East and North Africa are expected to add around 20 billion boe through new licensing rounds and contract awards.
HOUSTON, Sept 22 (Reuters) - Oil prices settled marginally lower on Monday as concerns of an oversupply outweighed geopolitical tensions in Russia and the Middle East. Brent crude oil futures settled ...
Unsold Middle Eastern crude cargoes from the recently wrapped up trading cycle are pointing to early signs that an expected global oil surplus could be starting to emerge. The volume of unsold oil set ...
The Middle Eastern oil market has weakened in recent weeks on concern that regional supplies will outstrip demand, adding to signs of a softening global picture that’s weighed on benchmark crude ...
In a bold move to block Iran’s access to money that funds violence in the Middle East, the United States has placed powerful new sanctions on a hidden oil smuggling network. This operation is believed ...